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Furniture News Briefs 8/21/17

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According to THE CHARLOTTE OBSERVER, "Gordon's Furniture Store in downtown Statesville is closing after 90 years, as consumers continue to gravitate toward chains, Gordon family members told the Observer." The article notes that, "The store will close by Sept. 30, when its lease ends." See the full story at: http://www.charlotte.com/breaking_news/story/243691.html ____________________________________ A story in The TRIBUNE-STAR on August 20 reported that "Officials on Monday were investigating the cause of a fire in a Paris, Ill., furniture store where personnel from seven fire departments battled an inferno Friday that sent three firefighters to the hospital." The article noted that the building, one of five in the complex was a total loss. See the full story at: http://www.tribstar.com/news/local_story_232233746.html ____________________________________ The BALTIMORE BUSINESS JOURNAL reported that, "The owners of more than 25 furniture stores sponsored an ad in Monday's Baltimore Examiner decrying a proposed bump in the sales tax. The retailers include Shofer's Furniture, Gardiner's Furniture and Gavigan's Furniture." The story notes that House Bill 846 calls for a one percent sales tax increase to six percent. See the full story at: http://www.bizjournals.com ____________________________________ The CLARION LEDGER, reported that, "Nettleton-based furniture manufacturer PeopLoungers, which filed for Chapter 11 bankruptcy protection in May, has fought off an asset sale sought by some creditors." The article says that Peopleoungers which has about 425 employees, wants to continue to operate and restructure. See the full story at: http://www.clarionledger.com

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